Oregon Retirement Savings Board, Tigard, hired State Street Global Advisors to manage a suite of index fund investment options for the new Oregon Retirement Savings Plan, following an RFP, confirmed James Sinks, spokesman, in an email.
The plan is scheduled to begin a pilot phase in July, and ultimately is expected to provide as many as one million private-sector workers in the state the option to participate in the plan through payroll deductions at work.
The SSGA investment options are State Street S&P 500 Index Fund, State Street Institutional U.S. Government Money Market Fund and a suite of State Street target-date funds.
The plan is expected to be unveiled more widely in 2018.